Capital Gain offset gilts v equity

Ciprico

This maybe a daft question, can you use a negative CG (loss) on gilts against a positive CG on shares...

EthicsGradient

A CG loss on gilts held directly - no. They aren't assessed for CG, positive or negative. If it's a loss on a fund that invests in gilts, then yes - just as a positive capital gain on the fund could be subject to CGT.

Any capital gains, however, are tax free. If you sell at a capital loss this can’t be used to offset other gains. You also don’t pay any stamp duty or stamp duty reserve tax when you buy a gilt.
What you need to know about buying government bonds (gilts) | Hargreaves Lansdown

aroominyork

Like Ethics said, but just to clarify (I'm sure 99% of readers understood, so this is for the other 1%) the italics quote is about individual gilts, not gilt funds.